Aon plc (NYSE:AON) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its stake in shares of Aon plc (NYSE:AON) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,481 shares of the financial services provider’s stock after selling 1,083 shares during the quarter. First Hawaiian Bank’s holdings in AON were worth $1,969,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AON. Farallon Capital Management LLC increased its position in AON by 196.7% during the 2nd quarter. Farallon Capital Management LLC now owns 1,875,200 shares of the financial services provider’s stock worth $550,521,000 after purchasing an additional 1,243,200 shares in the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of AON during the third quarter worth about $336,375,000. Veritas Asset Management LLP raised its position in shares of AON by 41.6% in the third quarter. Veritas Asset Management LLP now owns 3,010,557 shares of the financial services provider’s stock valued at $1,041,623,000 after buying an additional 883,761 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in AON by 334.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,050,537 shares of the financial services provider’s stock worth $363,475,000 after acquiring an additional 808,990 shares during the last quarter. Finally, Stone Point Capital LLC purchased a new stake in AON in the 2nd quarter worth approximately $151,808,000. 86.14% of the stock is owned by institutional investors and hedge funds.

AON Stock Performance

NYSE:AON opened at $352.67 on Thursday. Aon plc has a 1-year low of $268.06 and a 1-year high of $395.33. The firm has a 50-day moving average of $370.79 and a two-hundred day moving average of $345.80. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.05 and a quick ratio of 2.05. The stock has a market cap of $76.27 billion, a P/E ratio of 29.76, a PEG ratio of 2.27 and a beta of 0.93.

AON Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, November 1st. AON’s dividend payout ratio is currently 22.78%.

Insider Transactions at AON

In related news, COO Mindy F. Simon sold 650 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $394.34, for a total value of $256,321.00. Following the completion of the sale, the chief operating officer now directly owns 1,816 shares of the company’s stock, valued at $716,121.44. The trade was a 26.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lisa Stevens sold 1,275 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $387.68, for a total value of $494,292.00. Following the transaction, the insider now directly owns 8,077 shares in the company, valued at approximately $3,131,291.36. This represents a 13.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays lifted their price objective on AON from $394.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their price objective on shares of AON from $385.00 to $415.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. BMO Capital Markets boosted their target price on shares of AON from $325.00 to $380.00 and gave the company a “market perform” rating in a report on Monday, November 4th. Bank of America increased their price target on shares of AON from $345.00 to $375.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, TD Cowen boosted their price objective on shares of AON from $413.00 to $432.00 in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $365.25.

About AON

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.